| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Fair |
| Demographics | 66th | Fair |
| Amenities | 66th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 314 Perkins St, Oakland, CA, 94610, US |
| Region / Metro | Oakland |
| Year of Construction | 1972 |
| Units | 35 |
| Transaction Date | 2016-07-07 |
| Transaction Price | $10,500,000 |
| Buyer | Not Available |
| Seller | Christopher Curtis |
314 Perkins St, Oakland — Multifamily Investment Outlook
Renter demand is supported by a high renter-occupied housing share in the surrounding neighborhood, while softer neighborhood occupancy merits conservative lease-up assumptions, according to CRE market data from WDSuite.
Located in an Urban Core setting of the Oakland-Berkeley-Livermore metro, the neighborhood ranks 150th out of 469 metro neighborhoods (B+). Amenity access is a notable strength: cafes, groceries, parks, and restaurants are abundant, with food-and-beverage density competitive among Oakland-Berkeley-Livermore neighborhoods and top quartile nationally for certain categories. This positioning supports day-to-day convenience and helps leasing velocity for well-positioned assets.
The renter-occupied share is high (73.3% for the neighborhood), placing it competitive among 469 metro neighborhoods and in the top tier nationally. For investors, that depth of renter households points to a large tenant base and ongoing multifamily demand, even as neighborhood occupancy (measured at the neighborhood level, not the property) sits below metro norms. Pricing and product differentiation can matter more here to stabilize occupancy and reduce turnover.
Within a 3-mile radius, population and household counts have grown historically and are projected to increase further, expanding the renter pool. Income levels in the 3-mile area skew higher than many U.S. neighborhoods, which supports Class B repositioning and mid-market product. Elevated home values in the immediate neighborhood (high-cost ownership market, top national percentile) tend to reinforce reliance on multifamily rentals and can aid retention for well-managed properties.
Vintage also factors into competitiveness. The property’s 1972 construction is newer than the neighborhood’s average vintage (1959), offering relative positioning versus older stock while still warranting targeted capital planning for systems modernization and cosmetic upgrades to meet today’s renter expectations.
Safety conditions track close to the metro middle when compared across 469 Oakland-Berkeley-Livermore neighborhoods, while national comparisons indicate below-average safety. Recent trend data shows a sharp year-over-year decline in both property and violent offenses, placing the neighborhood among stronger improvers nationally. Investors typically underwrite with pragmatic operating practices and resident-experience measures in similar Urban Core locations.
Nearby anchor employers span headquarters and major corporate offices, supporting a sizable white-collar renter base and commute convenience: Clorox, Gap, Charles Schwab, Salesforce, and PG&E are the primary demand drivers referenced here.
- Clorox — consumer products HQ (1.1 miles) — HQ
- Gap — apparel HQ (7.6 miles) — HQ
- Charles Schwab — financial services HQ (7.7 miles) — HQ
- Salesforce.com — software HQ (7.8 miles) — HQ
- PG&E Corp. — utilities HQ (7.8 miles) — HQ
314 Perkins St offers exposure to an amenity-rich Urban Core with a large base of renter-occupied housing and strong proximity to major employers. According to CRE market data from WDSuite, neighborhood occupancy is below metro norms, but the combination of elevated home values, abundant amenities, and projected 3-mile household growth supports a durable renter pool for well-managed assets.
Built in 1972, the property is newer than much of the area’s housing stock, suggesting competitive positioning versus older comparables and potential to unlock value through targeted renovations and systems updates. Investors should balance this upside with operating discipline given neighborhood-level occupancy softness and urban safety perceptions, focusing on product quality, renewals, and expense control.
- Amenity-dense, Urban Core location that supports leasing velocity and retention.
- Large renter-occupied housing base indicates depth of tenant demand.
- 1972 vintage is newer than neighborhood average, with value-add potential via modernization.
- Proximity to HQ employers underpins white-collar renter appeal.
- Risks: below-metro neighborhood occupancy and urban safety perceptions require conservative underwriting.